Bank of America CFO Paul Donofrio to become vice chair; Alastair Borthwick named new CFO

BANK OF AMERICA CORP /DE/

Paul M. Donofrio will become vice chair in Q4 2021 and cease as CFO.
Alastair Borthwick appointed CFO effective Q4 2021; previously president of Global Commercial Banking since 2012.
Borthwick's annual base salary as CFO set at $1,000,000.
Borthwick will participate in annual incentive compensation, common stock grants, and other executive programs.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Alastair Borthwick

Chief Financial Officer

BAC · BANK OF AMERICA CORP /DE/

Filed: September 14, 2021, 7:59 PM ET

On September 10, 2021, the Corporation announced that Alastair Borthwick will become the Corporation’s Chief Financial Officer effective in the fourth quarter of 2021.

Role change

Paul M. Donofrio

vice chair

BAC · BANK OF AMERICA CORP /DE/

Successor: Alastair Borthwick
Filed: September 14, 2021, 7:59 PM ET

On September 10, 2021, Bank of America Corporation (the “Corporation”) announced that Paul M. Donofrio, the Corporation’s Chief Financial Officer and a named executive officer in the Corporation’s 2021 Proxy Statement, will become vice chair of the Corporation in the fourth quarter of 2021 and will cease to be the Corporation’s Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Alastair Borthwick was appointed as Chief Financial Officer at BANK OF AMERICA CORP /DE/.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On September 10, 2021, the Corporation announced that Alastair Borthwick will become the Corporation’s Chief Financial Officer effective in the fourth quarter of 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul M. Donofrio was appointed as vice chair at BANK OF AMERICA CORP /DE/.

Action: appointed
Role: vice chair

Exact text from the filing

On September 10, 2021, Bank of America Corporation (the “Corporation”) announced that Paul M. Donofrio, the Corporation’s Chief Financial Officer and a named executive officer in the Corporation’s 2021 Proxy Statement, will become vice chair of the Corporation in the fourth quarter of 2021 and will cease to be the Corporation’s Chief Financial Officer.

View on SEC.gov

BANK OF AMERICA CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000070858-21-000093

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.